12. Age, Youth, and Upward Mobility

Two major demographic forces will prove critical to investors in the coming decade: Aging and the needs of the youth in developing economies, especially Asia.

These are not new developments and have impacted previous economic cycles. The difference today is that these economies are richer—and therefore more money will be spent to stay healthier longer as well as on the upbringing of children.

Increases in societal wealth will be felt at the government as well as the individual level; this will have profound impact on the amount of spending on health-care and education-related services.

At the end of 2006, India-based pharmaceutical company Dr. Reddy’s Laboratories announced the formation of an alliance with ...

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